Don't Forget Closing Costs
Every home sale incurs fixed costs. Buyers and sellers almost always split these costs, as specified in the real estate sales contract.
Many of the closing costs associated with buying a home are associated with getting the mortgage loan. Since BeneGroup, Inc. has extensive experience with mortgages and closings, we are closing cost experts.
Loan Estimate (Also known as the LE)
Very soon after you submit your application, we'll give you the "Loan Estimate" of your costs. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we can't always predict closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at the closing table.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your application. At BeneGroup, Inc., we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Loan-Related Costs
- Taxes
- Loan Origination Fee
- Points — A fee paid to lower your mortgage interest rate (optional)
- Appraisal Costs
- Getting Your Credit Report
- Interest Payment
- Escrow Fees
Property Taxes
- Insurance
- Transfer Taxes & Recording Fees
Homeowners Insurance
- Flood or Quake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
BeneGroup, Inc. can answer questions about these closing costs. Give us a call: 4083956018.